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<p>[QUOTE="medoraman, post: 1033070, member: 26302"]I agree with Cloud that the smelters aren't swamped this time, and back when silver was $50 they were paying about $40 intrinsic value.</p><p><br /></p><p>Of course I disagree with Cloud also. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> I think a lot of the price appreciation is being fueled by speculators, just like oil was a couple of years ago when it was about $150. They went back and proved that "non-market participants", (ie speculators), activity was up dramatically during that run. Like it or not, PM's are a thinly traded market and just a few billion extra money can dramatically affect pricing. I am not saying these prices will fall back down soon, I am just saying I am sure when the dust settles you will see that hedge funds and similar investors helped puch this market up. They didn't have hedge funds in 1980 really, which is why only the Hunt's were to blame.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1033070, member: 26302"]I agree with Cloud that the smelters aren't swamped this time, and back when silver was $50 they were paying about $40 intrinsic value. Of course I disagree with Cloud also. :) I think a lot of the price appreciation is being fueled by speculators, just like oil was a couple of years ago when it was about $150. They went back and proved that "non-market participants", (ie speculators), activity was up dramatically during that run. Like it or not, PM's are a thinly traded market and just a few billion extra money can dramatically affect pricing. I am not saying these prices will fall back down soon, I am just saying I am sure when the dust settles you will see that hedge funds and similar investors helped puch this market up. They didn't have hedge funds in 1980 really, which is why only the Hunt's were to blame.[/QUOTE]
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